Re:German banks are hoarding so many euros they need more va...
by rusk on Monday February 03, 2020 @12:35PM
(#22226543)
Or Zimbabwe or Argentina even ... but I think these extremes are absurd. They are blunders. What we are talking about here is why EU isn’t taking prudent steps to provoke growth, and that’s all down to keeping certain dominant nationa happy.
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Re:German banks are hoarding so many euros they need more va...
by econcon on Tuesday February 04, 2020 @01:02AM
(#22232848)
The reason they managed to create hyperinflation is because when you print more currency, inflation doesn't immediately change in reaction.
So they ended up printing more and more till, it all corrected at once and hyperinflation was already here before they could roll back their currency printing machines.
They took a practical approach to managing inflation yet paying off debt obligations with more currency but didn't realize it all could backfire - they didn't do something as stupid as others will have you believe.